Voom builds dynamically-priced, usage-based insurance products for high-risk, episodic-use mobility verticals such as drones, e-scooters, motorcycles, and light planes. The company operates as a licensed insurance broker in all 50 US states and in Canada. Led by co-founder and CEO Tomer Kashi, Voom focuses on underserved mobility segments and tailors insurance to episodic usage patterns. The startup raised $15M in the reported round, bringing total funding to $22M. Voom intends to use the new capital to expand its usage-based insurance model into additional mobility verticals. The products are positioned around dynamic pricing and usage-based underwriting to serve mobility use cases that traditional insurers may not cover. VOOM is a Tel Aviv-based "specialised mobility" insurance startup that offers insurance products for drones and on-demand episodic mobility such as e-scooters, powersports, motor boats, and small planes. The company incorporates SkyWatch.AI and uses SkyWatch's telemetry-based risk analysis engine to collect mobility data points and provide real-time risk assessment. VOOM's platform customizes insurance policies based on that telemetry and enables on-the-go purchasing from mobile devices. CEO Tomer Kashi said the product addresses gaps in rider coverage for on-demand mobility services and raises awareness of insurance needs. The startup raised $5 million in the reported funding round, bringing total capital raised to $7 million.

Total raised

$20M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2021